505 Fair Ave, Gainesville, TX 76240 Property Records

Cooke County property record for 505 Fair Ave, Gainesville, TX 76240

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,565 sqft · built 1984
Lot Size	0.161 acres (7,000 sqft)
Owner	Individual Name on File
Last Sale	$118,400 (Feb 2019)
Tax Bill	$4,583 (2026)
Deeds & Mortgages	Jul 2021 Mortgage Feb 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`2280-003-00008`

Property Details

APN / Parcel Number

Primary APN	`2280-003-00008`
Alternative APN	`19592`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Building Area	1,565 sqft Living Area
Gross Area	2,450 sqft
1st Floor Area	1,341 sqft
2nd Floor Area	266 sqft
Flooring	Laminate Plank
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1984
Effective Year Built	Effective 1984
Exterior Material	Stone
Foundation Type	Slab (Mat/Raft)
Roof Material	Composition Shingle
Lot Area	7,000 sqft (0.161 acres)
Garage Type	Carport
Garage Area	498 sqft
Carport	Carport
Carport Area	498 sqft
Parking Spaces	2 Parking Spaces
Storage Building	72 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Account Number	2280-003-00008
Street Address	505 FAIR AVE
City	GAINESVILLE
State	TX
Zip	76240-4436
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	FAIRGROUNDS ADDN; BLOCK 3; LOT 7 & 8 S 70' OF BOTH
Legal Subdivision	FAIRGROUNDS ADDN
Legal Block	3
Legal Lot Number	7,8
Jurisdiction	COOKE TX
Township / Civil Division	GAINESVILLE
Census Block Group	3
Census Block	3026
Census Tract	600

Owner

505 Fair Ave is owned and occupied by an individual who bought it in February 2019.

Source: Cooke County records, as of October 20, 2026

Owner of Record	Individual Name on File
Mailing Address	505 FAIR AVE, GAINESVILLE, TX 76240-4436
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jul 16, 2021	Deed of Trust, Mortgage · FHA Mortgage PENNYMAC LOAN SERVICES LLC
Feb 22, 2019	Vendor's Lien, Transfer · FHA Mortgage AMERICAN FINANCIAL NETWORK INC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 22, 2019 · Amount on File
Deed Sale	Feb 22, 2019 · Amount on File
Deed Document Number	201989874
Deed Book / Page	2242 / 680
Prior Transfer Date	Feb 21, 2019
Prior Transfer Doc	002242/680
Record Updated	Oct 29, 2026

July 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COOKE TX
Property Address	505 FAIR AVE, GAINESVILLE, TX 76240-4436
Transaction Type	Mortgage
Record Updated	Sep 18, 2023

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	002434/288
Date	Jul 16, 2021
Book Page	2434/288
Instrument	2021-06085

Lender

Name	PENNYMAC LOAN SERVICES LLC
Type	Mortgage Company
Address	WESTLAKE VILLAGE, CA 91361

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	241 Months
Due	Aug 1, 2041

February 2019: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COOKE TX
Recording Date	Feb 22, 2019
Property Address	505 FAIR AVE, GAINESVILLE, TX 76240-4436
Document Number	002242/680
Book / Page	2242 / 680
Map Reference	VOL 2 PG 5
Instrument Date	Feb 21, 2019
Instrument	00089874
Transaction Type	Transfer
Record Updated	Sep 18, 2023

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1307 COUNTY ROAD 147, GAINESVILLE, TX 76240-7131

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	505 FAIR AVE, GAINESVILLE, TX 76240-4436

Mortgage

Document Number	0000089875
Date	Feb 22, 2019
Instrument	00089875

Lender

Name	AMERICAN FINANCIAL NETWORK INC
Type	Funding / Finance Company
Special Notes	Seller Financed

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Mar 1, 2049

Tax Assessment & Valuation

The 2026 property tax bill for 505 Fair Ave was $4,583 with a homeowner's exemption, up 62.2% from the year before.

Source: Cooke County assessment roll, as of June 2, 2026

Property Jurisdictions

Type	Name
State	Texas
County	Cooke County
Municipality	Gainesville City
Unified School District	Gainesville Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$4,583.00 (+62.17%) Homeowner's exemption	$219,068 (+8.51%) Land $28,490 Building $190,578	$219,068 (-) Land $28,490 Building $190,578
2025	$2,826.00 (+7.9%) Homeowner's exemption	$201,885 Land $28,490 Building $190,578	$219,068 Land $28,490 Building $190,578
2024	$2,619.00
2023		$166,847 Land $25,900 Building $185,357	$211,257 Land $25,900 Building $185,357
2022	$2,892.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 505 Fair Ave in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2007.

Source: FEMA National Flood Hazard Layer, effective April 26, 2016 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force
Nearby Flood Claims	1 (2007)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Jun 2007 · Severe Storms, Tornadoes, And Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 505 Fair Ave is low, with a 0.02% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 97.9% of Texas
Wildfire Likelihood	0.02% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF GAINESVILLE serves 18,107 people · EPA ID TX0490001
Water Source	Surface water
Last State Inspection	Apr 2025
Lead	2 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 355 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Nortex Communications Company Fiber	2,000 / 2,000
Optimum Cable	940 / 35
Nextlink Fixed Wireless	500 / 100
Verizon Fixed Wireless	300 / 20
ElektraFi Fixed Wireless	100 / 20

May also be available: Element8.

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